Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
The stablecoin issuer’s BTC holdings now top 75,000 tokens worth about $5 billion.
Stablecoins
The Benefits of Assets Tokenization
We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.
South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases
The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets.
USDC Stablecoin Issuer Circle Dumps Tron Network; TRX Steady
Circle cited its “risk management” framework as part of the decision, among other factors.
UK Minister Expects Stablecoin and Staking Legislation Within Six Months: Bloomberg
UK Economic Secretary to the Treasury Bim Afolami has said the UK government was “pushing very hard” to bring legislation for stablecoins and staking services for crypto assets within six months, according to a Bloomberg report.
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT’s appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar’s Global Strength
Crypto critics often warn of digital currencies’ potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins’ dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on.
New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report
The country’s Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it.
UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.